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1586 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Contract asset

Accounting
Also called: Contract assets

A right to consideration that is conditional on something other than the passage of time — typically a milestone or a client certification.

In plain terms

Not a receivable, and that is the whole distinction. A receivable needs only payment; a contract asset needs somebody else’s signature first.

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Indian stock market glossary · Market Vidyalaya